Sugar Stocks Gain After Government Scraps Export Duty

Sugar Stocks Gain After Government Scraps Export Duty – Shares of the sugar manufacturers were trading higher after the government scrapped export duty on raw and refined sugar to boost shipments as the country is all set to produce a record 29.5 million tonnes of the sweetener in the current 2017-18 marketing season.    

It has been decided to reduce export duty on raw sugar, white or refined sugar from 20 percent to nil, the Central Board of Excise and Customs said in a notification. Earlier, the government had doubled import duty on sugar to 100 percent to check shipments.

⭐ Balrampur Chini up 1.8 percent

⭐ Triveni Engineering & Industries up 0.95 percent

⭐ Bajaj Hindusthan Sugars up 0.99 percent

⭐ Dhampur Sugar Mills up 1.7 percent

⭐ Dalmia Bharat Sugar & Industries up 2.4 percent

⭐ Dwarikesh Sugar industries up 1.4 percent

⭐ Avadh Sugar & Energy up 2.2 percent

⭐ Uttam Sugar Mills up 2.1 percent

⭐ KCP Sugar & Industries up 3.1 percent

⭐ Mawana Sugars up 2.6 percent

⭐ Ugar Sugar Works up 1.8 percent

⭐ Magadh Sugar & Energy 2.2 percent

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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